Updated January 2018
Down Payment Assistance Program Search
Are down payment assistance programs really available?
Depending on where you live, what kind of income you have, and what type of property you want to buy – you may qualify for any one of the many down payment assistance programs or homeownership assistance programs in your area.
Down payment assistance programs, or DPA, are popular – but many people don’t know where to find the right information about the programs available in their area and their eligibility requirements. It can be even harder to find a lender or a realtor who is well-versed about these local DPA programs and point homebuyers to the right direction.
This is why we created DPASearch.com. Simply click on a state below and see what down payment assistance programs are available in your area – free!
Get Help With Down Payment Assistance Programs – Free
Saving enough money for a down payment is one of the single biggest obstacles to homeownership – but it is entirely possible that down payment assistance may be available to you and you aren’t even aware of it.
Getting your questions answered is easy when you are matched with the right lender who is knowledgeable about the programs you are interested in.
The current trend in the mortgage business is that lenders seem to be expanding their guidelines and offering more loan programs. So if you find that you cannot qualify for any kind of loan program (and chances are that you can qualify for something), be sure to keep an open dialog with your loan officer about the types of loan programs that lenders are just coming out with. Just a few of the long-standing loan programs that are available for people who are interested in buying a home include:
What Loan Types Allow Down Payment Assistance?
Qualifying for down payment assistance is usually not dependent on what loan program you are interested in financing your new home with. Still, be sure to talk with your loan officer. Some types of down payment assistance may require that you finance your new home with a certain type of loan.
Home Buying Resources
HUD offers some resources to those people who are interested in learning more about the process of buying a home, and the information on HUD’s website is free. Just a few of the services that HUD offers information about include:
Housing counseling agencies – provide counseling services for anything related to housing, free of charge or at a low cost.
Predatory lending – unfair lending practices you should be aware of when you buy or refinance your home.
Education – resources on home buying and maintenance.
Assistance programs – help you and maintain your home.
HUD homes for sale – links to properties for sale by some federal government agencies.
Homeownership vouchers – help you become a homeowner, e.g. Housing Choice Voucher Homeownership Program.
Home repairs – resources on how to finance home improvements and repairs.
Avoid foreclosure – information on how to keep your home and avoid losing it.
Make your home more energy efficient – programs (operating on state levels) for homeowners to save on energy bills.
See more information about HUD here.
Here are just a few state-specific home buying / down payment assistance resources that can also help you:
- New York
- South Dakota
- District of Columbia
Getting The Best Deal
When shopping for a mortgage that you can use downpayment assistance with, getting the best deal often may mean working with not only a loan officer who is knowledgeable, but that the loan officer works at a lender who offers great rates and closing costs.
As with loan officers, lenders are different and offer varying rates and fees. The best way for you to know which loan officer and lender are right for you is to get multiple quotes from multiple lenders. Getting a quote involves speaking with a loan officer, providing the requested information, and then getting a written quote.
When buying a home, it is also a good idea to get pre-approved so that you know you can qualify as well as how much you can qualify for. Getting pre-approved and shopping multiple lenders are easy but can take more than a few minutes of your precious time. We have made it easy to shop and compare lenders with our lender matching service.